Chapter 131: Futures Used to Dig Holes

After Zhao Dagui announced the sale of foreign cloth at a low price, Shanghai's foreign cloth business entered a frozen state for a while, and only Dagui Commercial Bank could rely on low prices to ship, and other commercial banks could not sell foreign cloth at all because of high prices.

Originally, everyone still expected that Dagui Commercial Bank did not have much inventory, and this matter would stop after the inventory was cleared, and Zhao Dagui would not continue to buy cloth for two or five yuan in order to save gas, and then sell it at the price of two and four.

But I didn't expect that the foreign cloth of the Dagui Firm seemed to be endless, and it didn't seem to be exhausted at all, and the merchants tried their best to inquire about the doorway inside, and they knew that this matter was going to be broken.

It turned out that Zhao Dagui bought a lot of ships to open regular cruise ships to Hong Kong and Guangzhou, and there were only thirty or forty passengers on each ship, less than thirty percent of the quota.

Unexpectedly, the trouble now is all on the steam cruise ship.

It turned out that some time ago, Xu Wenqiang, Zhao Dagui's new secretary, took a batch of factory silk and tea and went to Hong Kong and Guangzhou to negotiate with local businessmen whether they could exchange silk tea for foreign cloth in their hands.

At this time, the unsalable foreign cloth has already appeared, Hong Kong and Guangzhou businessmen have a backlog of foreign cloth, some even have more than a year of inventory of foreign cloth, is worried about how to deal with the inventory, seeing this can not help but be overjoyed, almost upside down.

The price of raw silk and tea in Shanghai is more than 20% cheaper than that in Guangzhou, and the price of foreign cloth obtained by Guangdong is much cheaper than that of Shanghai because it is the first port of arrival for European and American merchants.

However, Zhao Dagui does this, plus freight and transaction costs, in fact, he can't make much money, but the problem is that he won't lose money, at least he won't press the goods.

That is to say, as long as Zhao Dagui is determined to give the compradors of the foreign firm a good look, he can continue to do this thing, even if he can't make money, he will squeeze other foreign cloth merchants to death.

Now, Zhao Dagui's henchman Xu Wenqiang takes a cruise ship south twice a month, each time bringing silk tea worth tens of thousands of dollars, and then bringing back a large amount of foreign cloth, and also forming good business relations with businessmen in Guangzhou and Hong Kong.

"And this kind of operation?" The compradors of the foreign bank who heard the news had a feeling of bewilderment, and they couldn't do it if they wanted to pay for all the goods in Zhao Dagui's hands.

The key is that Zhao Dagui actually mainly relies on silk tea to make money, and the foreign cloth business is meaningless to him, and he doesn't have much inventory, but other businessmen are just the opposite, like Yishengxing has millions of foreign cloth in his hands, and Jardine and Qichang also have a lot, so he can only be restrained by him.

In this way, continuing to fight with Zhao Dagui means that the businessmen in Shanghai work together to compete with the inventory of the businessmen in Guangzhou, no matter who wins or loses on both sides, Yu Zhao Dagui will not be damaged at all, and he can also expand his contacts, which is the so-called not making money, only making money.

At the end of June, the compradors of the foreign bank finally compromised and interceded with Zhao Dagui, saying that the disorder in commodity prices in the past few months was done by a group of small businessmen who did not understand the rules, which was really not everyone's intention, and promised a lot of benefits to the Dagui firm.

Those who talked to Zhao Dagui included Yihe, Baoshun, Taichu, Qichang and other foreign companies, as well as powerful compradors such as Wu Jianzhang and Lin Aqin, and even Consul Bafur could not save face and persuaded Zhao Dagui twice.

In the end, Zhao Dagui took the opportunity to sell a batch of raw silk, tea, foreign cloth and other goods from his firm, returned a sum of money, and made a sum of money, before nodding and agreeing to cooperate with everyone to continue to maintain a set of price system of two yuan and five yuan for foreign cloth and three yuan for shipping.

The foreign goods business circle, which had been chaotic for several months, finally calmed down, and everyone began to do business as usual, and they became harmonious with each other again, and there was a lot less tension.

However, whether it is Zhao Dagui or other businessmen, they all know that this is just the calm before the storm, and everyone will temporarily stop fighting because they can't fight, and a larger-scale business war may break out at any time.

After July, it seems that because everyone no longer disrupts the market and no longer fights among themselves, the foreign cloth business seems to have become smoother.

Some time ago, the speed of retail sales of foreign cloth fluctuated fast and slow, but generally speaking, it has been slowly declining, but after July, perhaps because everyone is doing business seriously, the retail speed has increased slightly, and many merchants who operate foreign cloth often breathe a sigh of relief.

If the retail of foreign cloth has been half-dead, everyone has to consider the problem of unsalable.

However, Zhao Dagui saw very clearly that in the sales trend chart of foreign cloth made by Li Xinlan and Xu Wenqiang, it was pointed out that the sales of foreign cloth would rise and fall several times before falling off a cliff, and now the improvement is only a temporary increase caused by seasonal cyclical factors.

At the beginning of July, Dagui Commercial Bank had a new move, that is, it began to sell orders for silk tea and foreign cloth.

In the south of Wusong River, north of Pidgin, close to the Huangpu River, because of the geographical location, many foreign shops and shops are set up, even Zhao Dagui also values this, and builds a large Western-style shop in this place, made of blue bricks, and has a delicate appearance.

Originally, this shop, called "Dagui Commercial Bank No. 1 Shop", was a place to sell goods such as silk tea and foreign goods, and the monthly trading volume was quite a lot, but they were also visible physical objects, but from the beginning of July, the shop began to launch a new commodity, that is, an order for goods, more precisely, a bill of lading.

For example, if someone buys a factory silk delivery order at a price of 60 yuan per package at Dagui Commercial Bank, they can use this order as a voucher to obtain raw silk from Dagui Commercial Bank at a price of 600 yuan per package within three months;

Dagui firm guarantees the order with its own reputation, and if it cannot deliver on time, it will have to pay a lot of compensation.

Mill silk was the most popular commodity during this period, but because the silk reeling factory was established recently, the production capacity was relatively limited, so the amount of products that could be provided was not much.

Zhao Dagui may have problems of one kind or another, but he is best known in Shanghai for his outstanding credit and never reneging on his promises, so no one thinks that Zhao Dagui will refuse to honor his promises.

Therefore, once this kind of mill silk order is proposed, it is welcomed by many people, thinking that this is the best way to get the mill silk, and there are many businessmen who are willing to go to Dagui firm to buy this kind of bill of lading within three months, and the transaction volume is still very much.

The Dagui firm seems to have been encouraged by this business, and then introduced bills of lading for silk, tea, foreign cloth, and other goods, which merchants bought and paid a deposit equivalent to 10 percent of the total price of the goods, and received the goods in kind within three months, and then made up the difference.

This system was welcomed by many merchants, and it was not long before clever merchants smelled the business opportunities.

Take the bill of lading of factory silk as an example, pay 60 yuan to get a package of factory silk bill of lading, the silk reeling factory produces a finished product within three months, as long as you make up 540 yuan, you can take away a package of factory silk.

However, since the mill silk is so popular that some people are even willing to get these mill silk at a price of 650 yuan, can we discuss with the person who has obtained the bill of lading in advance and increase the price by 30 yuan, 40 yuan or even 50 yuan to get this bill of lading?

Soon, some people began to buy orders from merchants who had obtained the bill of lading one step ahead of time, and then some scalpers began to appear trying to monopolize the supply of the bill of lading, and then some people began to buy and sell this kind of bill of lading.

Some people buy this kind of bill of lading at a high price and feel that they have a loss, but they can also sell it at a lower price to reduce their losses.

Soon, many people found out the fun of this, no need to work hard, as long as they moved a stool in front of the door of the noble firm to sit down, and then bought low and sold this kind of bill of lading, they could get a lot of income, much better than their own hard work, and even faster than selling cloth in business.